New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-11-08

MONDAY. Nov. 7-P NJ
Five more railroads to-day reported their gross earn
INA for tho fourth week OF October, giving an asgosao
Of 5000 29l against S77s 23l In the week OF 1854
gain of $l3 O6o II per cent. The aggregate earn
i,e of the thirtysevsn railroads already reported LOT
the fourth week (and four Of them show lssse' arc
S. O00 $780, against s4.333 45o in tho week OF 1870"
gain Of S676,Il9, or 1873 per cent.
And now tho claim Is set up that the decara-
ton Of q per cent dividend by the Pennsylvania
instead OF Gig per cent heretofore, was quo
%, the co Baltimore and Ohio and
Reading syndcates Probably no ono was a. -nuen sur
prised At this Information as were the OFFICIALS Oh tno
Pennsylvana Railroad and the M noers OF inc synu
cates To nen OF ordinary Intelligence suciene roH
son for the raising Pennsylvania dividend would
bs furnished in the fact that Its net prohs frsm tno
whole system. for the nine months ended Sepemosr o.,
ware 50 2OS greater than the nine msntns OF 1850
and greater than the nias months OF 800
And Il might logically DO supposed that tho rasn. OF
the dividend only percent for six months was so'cn
Of conservatism Instead Of effort TO boom values
Considering tb at for whole week tho stock narRct
has been making slow but steady progress toward sner
x.lues that the bear element Is still aggressive that
tho majority Of traders, publish" In their pro-
cliycs have for twenty-four bushes hours ios 'n'
reaction was due, and remembering, what every ono
WAS talking about, that tomorrow Will DO eecuon Jay
and therefore holiday tho market to-day developer
an almost strength Acting on the got
.ral opinon and tho logical conclusions after weeks
steady vance the bears were present In 'ae
opening Of the market and for an hour they had tner
inning They opened tie market or about = per ceh'
from saturdays oost sg hguros and pres'si irther
decline Of Il per cent The burden OF the carly song
WAS the bad bank statement OF Saturday" IL Is
charitable 10 believe that they know hotter than they
talk and that their talk Is basod upon
belief that the average stock operator Is
less Intelligent than they are. when the RAID
ended 1t sldlcay developed that there we're no
stocks for sale the quotations aad that no one coma
tell who lad absorbed stocks ssld in thu first hour
Prices recovered without exeitement and on snal
transactions and thsn with moderate amount OF bns
ness up to higher figures generally than "efe
reached last wsok The announcement OF tho failure
small and unim psrant bank in st. LOUIS ana the publ
cation Of specials 10 yer private wires from chicago
of"reports that the ST, Paul Company had made re-
ducon OF 25 per cent in grain rates were the alleged
reason, for another late raid the market in when
Il Pau stock was tho special feature ami 1t again was
sold 1919. after having risen from |5s 70 f+
carly in the day The decline c)lll have been as easily
accomplished with the same aggressive pressure o. STOCK
without as with tho -sports The whole market yielded
soehlo OK from the extreme highest figures bat sener
ally tho market closed a, well as or better than
saturday evening Canada Southern closed g
higher Lake shsre "a higher Reading . higher.
Ns,heru Pacific preferred = higher. c., C. c. aud liz
higher and Union Pacific g higher In tho carly dealings
Missouri Pacific again sold down from Ss% to 81 g,
II recovered 10 1913 and ~ tns IdtS ehu again "fs
pushed TO ssL Norfolk western preferred a<al1 -
attraotrs attention The earnings OF the company
over all CT argos tor nine tbs ended september 80
wero $3.50 G78 AEst $50 36 Ia The sans tins OF 1886,
and the charge. pai S5O00D) bends issued to con-
strict Is miles OF road 20 connect vita The Leu-vHs
and Na,hvils Railroad, which (, not yet in operation
Preferred STOCK the amount OF s4oooooo was issued
for the ssnls pun Pose taken at - = per cent
by the ,tec shsers The earnings ofh- Last niue months
tron tho ed road equal TO 10 per cont On the
whole amount Of the prssrred stock Tho market SEN
orally clossd strong.
Government bonds were duh and easy with the hid.
FOR the Is of u per Annexed are the closn. quo
tHtopS;